Over the course of the past year, Eli Hamway and his partners at Industrie Capital evicted hundreds of artists from the turn-of-the-century warehouses at Ninth Street and Second Avenue in Gowanus. Now they’ve begun converting the buildings to office space and kicked off leasing for the project.
A year ago, New York University shut down the Coles Sports Center, the aging, two-story gym at the corner of Bleecker and Mercer Streets in the Village. Now the school has filed plans for its replacement, a 23-story, mixed-use tower with classrooms, dorms, new athletic facilities, and community space at 181 Mercer Street.
DSA Property Group is planning to convert the 15-story, 75,000-square-foot dormitory at 106 Fulton Street, in the Finaicial District, into rental apartments. The project will consist of a “light renovation” of only the living spaces, Commercial Observer reported, ensuring that the apartments will be able to be rented at affordable rates. The ground floor contains 3,543 square feet of retail space leased to Burger King through 2020. DSA acquired the dormitory from Pace University for $51.1 million earlier this month. A $45 million acquisition loan was also recently secured.
The federal government is finally cleaning up the Gowanus Canal, and the Lightstone Group has just finished a 12-story rental building along the banks of the heavily contaminated waterway. Now the city has kicked off a long-awaited rezoning study for the industrial area around the canal, but officials offered few guarantees or timelines for the new zoning.
Out in the borderlands between Bedford-Stuyvesant, Crown Heights, Brownsville, and East New York, there’s a working class, largely black neighborhood called Ocean Hill. A small new development is headed to the area at 2353 Dean Street, between Rockaway Avenue and Eastern Parkway.